China Everbright Bank launches plan to boost valuation

China Everbright Bank has announced a valuation enhancement plan, responding to the Shanghai Stock Exchange's call for companies to focus on quality, efficiency, and returns. Approved at the bank's ninth session of the board of directors on March 28, 2025, the plan outlines strategies to improve the bank's investment value and shareholder returns. Key elements include optimizing strategic approaches, promoting high-quality development, enhancing core competitiveness by integrating technology, and driving revenue growth while controlling costs. The bank aims to maintain a stable dividend policy, having distributed CNY 114.5 billion in cash dividends since its listing in 2010. The board has proposed a 2024 final dividend of CNY 5.022 billion, bringing the total 2024 dividend payout to CNY 11.167 billion, representing 30.14% of the net profit attributable to ordinary shareholders. The bank's major shareholder, China Citic Financial Asset Management, plans to increase its stake by up to CNY 4 billion.